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The European Banking Authority (EBA) launched the 2021 EU-wide stress test and released the macroeconomic scenarios. Following the postponement of the 2020 exercise, due to the COVID-19 pandemic, this year’s EU-wide stress test will provide valuable input for assessing the resilience of the European banking sector. Accordingly, the adverse scenario is based on a narrative of a prolonged COVID-19 scenario in a ‘lower for longer’ interest rate environment, in which negative confidence shocks would prolong the economic contraction. The EBA expects to publish the results of the exercise by ...

Evaluation of applications for track and trace system for tobacco, cement, sugar and fertilizer finalized Islamabad, February 01, 2021 (PPI-OT): Federal Board of Revenue has successfully completed the Evaluation Process for the grant of five-year license for an IT-based solution for electronic monitoring (Track and Trace System) of specified goods i.e. Tobacco, Cement, Sugar and Fertilizer. Initially 11 bids were received out of which 8 bids were technically qualified. The Technical scores were awarded to them on the basis of specified evaluation criteria. To ensure complete transparency, tec...

Resolutions of the Board of the Bank of Lithuania 01/28/2021 | 06:02am EDT Send by mail : Message : Increased focus on cybersecurity The Bank of Lithuania dedicates much effort to the strengthening of cybersecurity. In order to further boost competition in this priority area, the Bank of Lithuania has set an objective to become an advanced institution in terms of cybersecurity maturity level. It will seek to reach this objective by 2024, taking into account the guidelines established by the European Central Bank (ECB). The objective is included in the Cybersecurity Strategy ad...

The MFSA announced its supervision priorities for 2021 earlier this month, building on several of the underlying themes outlined in its three-year strategic plan for 2019-2021, but also adding direct supervisory focus on monitoring the impact of COVID-19 on the financial services sector. In essence, this means that while several key themes such as corporate governance, financial crime compliance and ICT risk and cybersecurity will continue to dominate the supervisory agenda, banks should also expect deeper assessments on specific areas of interest. These include banks’ analysis, quantificat...

Roses to... FacebookTwitterEmail • The John Alden Chapter, Daughters of the American Revolution, which concluded a two-month donation drive for Shelterhouse. • The White family of Midland, who raised three Eagle Scouts, with a fourth in progress. • The Food Center of Sanford and the Elks Club, which donated over 70 food baskets to Sanford flood victims. • Steve Dombrowski of Midland, who invented a snow shovel lever and began selling them this past week. • Volunteers from the Women of Michigan Action Network and Mask Up MidlandCounty members ,who donated gifts to more than a dozen n...